Can I retire at age 64 with 2,610,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$215,531$213,612$211,738$209,910$208,125$205,780
2 years$106,699$104,712$102,786$100,918$99,107$96,747
3 years$70,426$68,430$66,509$64,659$62,878$60,575
4 years$52,293$50,303$48,402$46,583$44,845$42,617
5 years$41,416$39,438$37,562$35,781$34,090$31,945
6 years$34,167$32,204$30,355$28,614$26,975$24,913
7 years$28,992$27,045$25,225$23,525$21,938$19,961
8 years$25,112$23,183$21,393$19,735$18,199$16,308
9 years$22,095$20,185$18,426$16,810$15,326$13,520
10 years$19,684$17,792$16,064$14,490$13,059$11,335
11 years$17,712$15,839$14,143$12,611$11,231$9,589
12 years$16,070$14,216$12,551$11,061$9,733$8,171
13 years$14,682$12,847$11,214$9,765$8,487$7,003
14 years$13,493$11,678$10,076$8,669$7,440$6,032
15 years$12,463$10,668$9,097$7,731$6,550$5,217
16 years$11,563$9,788$8,248$6,922$5,789$4,527
17 years$10,770$9,014$7,505$6,220$5,133$3,940
18 years$10,066$8,329$6,851$5,605$4,564$3,438
19 years$9,436$7,720$6,272$5,065$4,068$3,006
20 years$8,871$7,173$5,756$4,587$3,634$2,633
21 years$8,359$6,682$5,294$4,163$3,252$2,310
22 years$7,895$6,237$4,880$3,785$2,915$2,029
23 years$7,472$5,834$4,505$3,447$2,617$1,785
24 years$7,085$5,466$4,167$3,144$2,352$1,572
25 years$6,729$5,129$3,859$2,871$2,116$1,385
26 years$6,401$4,821$3,579$2,625$1,906$1,222
27 years$6,098$4,537$3,324$2,403$1,719$1,079
28 years$5,817$4,275$3,090$2,202$1,551$953
29 years$5,556$4,033$2,875$2,019$1,400$842
30 years$5,313$3,809$2,678$1,853$1,265$744
31 years$5,086$3,600$2,497$1,702$1,144$658
32 years$4,873$3,407$2,330$1,564$1,035$582
33 years$4,674$3,226$2,175$1,438$936$515
34 years$4,487$3,058$2,032$1,323$848$456
35 years$4,311$2,900$1,900$1,218$768$404
36 years$4,145$2,753$1,778$1,122$696$358
37 years$3,989$2,615$1,664$1,034$631$317
38 years$3,841$2,485$1,558$953$572$281
39 years$3,701$2,363$1,460$879$518$249
40 years$3,568$2,248$1,368$810$470$221
41 years$3,442$2,140$1,283$748$427$196
42 years$3,323$2,038$1,203$690$387$173
43 years$3,209$1,942$1,129$637$351$154
44 years$3,101$1,851$1,060$588$319$136
45 years$2,998$1,765$995$543$290$121
46 years$2,900$1,684$935$502$263$107
47 years$2,806$1,607$878$463$239$95
48 years$2,716$1,534$825$428$217$84
49 years$2,630$1,465$776$396$197$75
50 years$2,548$1,399$729$366$179$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,610,000, adding $3,085 every year, while hoping to spend $58,467 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 52/21/27 Blend
63$2,610,000$2,610,000$2,610,000$2,610,000
64$2,879,402$2,741,072$2,700,617$3,007,207
65$3,110,893$2,813,176$2,728,879$3,168,363
66$3,364,036$2,886,854$2,756,129$3,337,400
67$3,640,978$2,962,120$2,782,270$3,520,121
68$3,944,084$3,038,990$2,807,202$3,717,854
69$4,275,955$3,117,476$2,830,818$3,932,065
70$4,639,460$3,197,589$2,853,007$4,164,368
71$5,037,753$3,279,339$2,873,651$4,416,541
72$5,474,312$3,362,735$2,892,627$4,690,544
73$5,952,965$3,447,782$2,909,803$4,988,535
74$6,477,929$3,534,486$2,925,044$5,312,895
75$7,053,850$3,622,847$2,938,204$5,666,246
76$7,685,842$3,712,866$2,949,133$6,051,476
77$8,379,541$3,804,539$2,957,673$6,471,770
78$9,141,154$3,897,862$2,963,655$6,930,638
79$9,977,519$3,992,825$2,966,905$7,431,947
80$10,896,169$4,089,415$2,967,238$7,979,960
81$11,905,400$4,187,619$2,964,463$8,579,375
82$13,014,354$4,287,416$2,958,376$9,235,368
83$14,233,102$4,388,783$2,948,765$9,953,648
84$15,572,737$4,491,692$2,935,408$10,740,503
85$17,045,483$4,596,111$2,918,070$11,602,866
86$18,664,805$4,702,004$2,896,508$12,548,376
87$20,445,539$4,809,326$2,870,466$13,585,455
88$22,404,032$4,918,030$2,839,674$14,723,384
89$24,558,292$5,028,062$2,803,851$15,972,393
90$26,928,161$5,139,361$2,762,703$17,343,758
91$29,535,502$5,251,858$2,715,923$18,849,904
92$32,404,402$5,365,478$2,663,185$20,504,530
93$35,561,404$5,480,139$2,604,155$22,322,732
94$39,035,749$5,595,749$2,538,476$24,321,150
95$42,859,661$5,712,206$2,465,781$26,518,122
96$47,068,644$5,829,401$2,385,682$28,933,863
97$51,701,818$5,947,214$2,297,774$31,590,650
98$56,802,288$6,065,512$2,201,635$34,513,039
99$62,417,554$6,184,155$2,096,822$37,728,094
100$68,599,952$6,302,986$1,982,872$41,265,643